SHUANGHUI(SZ:000895) Sou Hu Cai Jing·2025-03-27 08:22Core Viewpoint - Shuanghui Development (SZ000895) reported a decline in revenue for the fourth consecutive year and a decrease in net profit for the second consecutive year in its 2024 annual report [1][2]. Financial Performance - In 2024, the company's operating revenue was 59.56 billion yuan, a decrease of 0.55% compared to 2023 [2]. - The net profit attributable to shareholders was 4.99 billion yuan, down 1.26% year-on-year [2]. - The net profit excluding non-recurring gains and losses was 4.81 billion yuan, an increase of 1.71% from the previous year [2]. - The net cash flow from operating activities was 8.42 billion yuan, a significant increase of 148.42% compared to 2023 [2]. Business Segment Performance - The meat products segment generated revenue of 24.79 billion yuan, a decline of 6.16% year-on-year [3][5]. - The slaughtering segment reported revenue of 30.33 billion yuan, down 2.06% from the previous year [3][5]. - Total external sales of meat products reached 3.18 million tons, a decrease of 1.67% year-on-year [1][2]. Dividend Announcement - The company announced a cash dividend of 7.50 yuan per 10 shares, totaling 2.60 billion yuan, which exceeds half of the annual net profit attributable to shareholders [5]. Leadership Transition - This annual report marks the first under the leadership of Wan Hongwei, the son of the founder Wan Long, who became the chairman of Shuanghui Development in August 2024 [6].